UPDATE: ACWA offered lowest bid in Egypt’s 200 MW tender
As pv magazine has learnt, the Saudi energy giant lowered its offer to $0.02752/kWh at the last minute, beating the bid lodged by Spain’s Fotowatio, which offered $0.02791 per kWh.
Egypt receives two bids under $0.03/kWh in 200 MW solar tender
The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA.
Increasingly complex connection requirements delaying projects, damaging economics
Difficulties in finalizing grid connection are causing Australian utility scale PV project developers delays, potentially undermining viability. The impact can be particularly harmful for merchant projects, with LGC and wholesale electricity prices forecast to fall over the next two years.
CEC: 3.1 GW of solar in construction pipeline, policy uncertainty undermines long-term investment confidence
According to the latest statistics from the Clean Energy Council (CEC), there are 42 wind and solar projects totaling 6239 MW worth close to $10 billion currently in construction or due to start soon across Australia. The unprecedented large-scale renewables activity is, however, surrounded by growing uncertainty over future policy and regulatory change.
CEFC invests in 1,100 MW clean energy projects in FY18
Looking back on the 2017-18 financial year, the Clean Energy Finance Corporation (CEFC) has confirmed it provided $1.1 billion towards renewable energy projects, including 10 large-scale solar projects.
Victoria’s 100 MW solar farm receives financial green light
Having finalized the financing agreement for the project, French renewable energy producer Neoen announced that full construction on Victoria’ Numurkah Solar Farm is ready to commence this week, with major supply contracts previously secured for the Laverton steelworks and the Melbourne tram network.
Module price declines could result in $60/MWh utility scale solar
Falling module prices could very well dramatically enhance the competitiveness of large scale solar in Australia – pushing the price at which PV can be produced below the wholesale curve. Rystad Energy believes that with a 20-30% module price decline, as has been forecast, $60MWh utility scale solar could become the new reality.
The figures for China’s booming PV industry will be seen with a tinge of regret
In what analysts worldwide are sure to look back on as the last golden period for global solar – at least for the immediate future – China saw more impressive figures for PV manufacturing in the first half of the year. Then the government stepped in.
Tasmania undertakes FiT review, inaugurates major commercial solar PV project
The Tasmanian government is undertaking a review of the FiT support scheme, which it says will lower the cost of electricity for Tasmanian households and small businesses. With one of the state’s largest commercial solar PV projects commissioned yesterday, the government is edging towards its objective of making Tasmania’s electricity 100% renewable by 2022.
Sunshine Coast Solar Farm doubles expected savings in first year
The 15 MW Sunshine Coast Solar Farm at Valdora, Queensland, has far exceeded savings expectations in its first year of operation while offsetting 100% of the local council’s energy usage across all facilities and operations.
